# Stainless Tankers ASA 2Q26 Earnings Release (05 August 2026)

- Press release: STST: Stainless Tankers announces financial results for the three months ended June 30, 2026. (2026-08-05)
- Original: https://storage.mfn.se/c/aHR0cHM6Ly9hcGkzLm9zbG8ub3Nsb2JvcnMubm8vdjEvbmV3c3JlYWRlci9hdHRhY2htZW50P21lc3NhZ2VJZD02NzkwNTcmYXR0YWNobWVudElkPTMzMDQ2NA/stainless-tankers-asa-2q26-earnings-release-05-august-2026.pdf?news-id=e2e90d3f-c29b-5b1a-b297-dbe65e3ed064
- Local copy: `data/documents/STST.OL/attachments/2026-08-05_stainless-tankers-asa-2q26-earnings-rele.pdf`

**TL;DR —** Stainless Tankers ASA reported a strong Q2 2026 with a net profit of $2.5 million, significantly up from a prior quarter loss, driven by higher TCE rates, and announced a plan to orderly realize its fleet within 18 months.

## Takeaways
- Net profit was $2.5 million, a substantial improvement from a $0.06 million net loss in Q1 2026.
- Average pool net TCE rate increased to $21,029/day, up from $16,373/day in the previous quarter.
- The fleet's market value rose to $101.8 million, resulting in a NAV of $70.5 million, or $5.22/share.
- A Q2 2026 dividend of $0.135/share was declared, representing an annualized yield of ~13%.
- The company plans to realize its fleet of six stainless steel vessels within the next 18 months.

*Generated 2026-08-30 via google/gemini-2.5-flash*